Compliance
Compliance is not one thing. It is these eight.
A compliance consultant on WLS is checked as a business, the same standard as a registered practice. What they actually do for a client sits somewhere in the eight areas below.
Eight areas, not a statute.
This is WLS’s own working breakdown of where compliance exposure usually sits for a business in this market, put together to make a hard to name problem easier to describe. It is not a regulator’s own list, and no single one of these is a full statement of the law behind it.
- 01
Tax compliance
Tax clearance (ITF263), PAYE and VAT returns filed on time, and standing to answer a ZIMRA audit or objection when one arrives.
- 02
Anti money laundering and know your customer
Customer due diligence, record keeping and suspicious transaction reporting, for a business the law already asks to watch for this rather than merely bank.
- 03
Data protection
What personal information is collected, on what basis, and what happens when it is a customer's or an employee's data rather than the business's own.
- 04
Corporate governance and statutory filings
Registers, resolutions and returns kept current with the Registrar, so a shareholding or a directorship on paper matches who actually runs the business.
- 05
Labour and employment
Contracts, NSSA and NEC contributions, and a workplace code of conduct that would hold up if a dismissal were ever tested.
- 06
Environment, health and safety
The permits an operation needs to run at all, and the standard its own premises are actually held to day to day.
- 07
Sector licensing
The specific licence a regulator requires before this business may trade in its own sector, renewed on its own cycle rather than once and forgotten.
- 08
Anti bribery and corruption
Internal controls and a way for somebody inside the business to raise a concern before it becomes a prosecution.
Finding somebody to handle one of these.
A registered compliance consultancy is checked the same way every other practice here is: incorporation, indemnity and tax papers read by a person before it is listed. Which of these eight areas a given consultancy actually specialises in is on its own practice page, not tagged here, so read a firm’s own page before instructing it on a specific one.
See registered compliance consultanciesStart with the matter you have today.
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